Fifth District Savings Bank Mortgage Rates, Fees & Info

New Orleans, LA

LEI: 549300JXWG67QZF4I652

Tax ID: 72-0184630

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Mortgage Data

  • Originations
  • Top Markets
  • Product Mix
  • Loan Reason
  • Typical Rates
  • Loan Sizes
  • Dwelling Types
  • Complaints
  • Loan Length
  • Loan to Value Info
  • Debt-to-Income
  • Applicant Income
  • Ethnicity Info
  • Approval & Pick Rates
  • Points and Fees
  • Origination Fees (Closing Costs)

    • Bank Data

  • Branches
  • Income
  • Loan Types
  • Deposit Mix
  • Loan Performance
  • Assets
  • Business Loans

    • Review & Overview

    Fifth District Savings Bank is a smaller bank specializing in Home Purchase and Refi loans. Fifth District Savings Bank has a high proportion of conventional loans. Their top markets by origination volume include: New Orleans, Baton Rouge, and Hammond among others. We have data for 3 markets. (Some data included below & more in-depth data is available with an active subscription.)

    Fifth District Savings Bank has an above average approval rate when compared to the average across all lenders. They have an above average pick rate when compared to similar lenders.

    We show data for every lender and do not change our ratings-- even if an organization is a paid advertiser. Our consensus data does have lag, but it is highly correlated to a lender's rates & fees relative to their markets. This means that if a bank is a low fee/rate lender the past-- chances are they are still one today. Our SimulatedRates™ use advanced statistical techniques to forecast different rates based on a lender's historical data.

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    Originations

    164

    Origination Dollar Volume (All Markets)

    $48,110,000

    Employee count

    73

    Top Markets

    Zoom/scroll map to see bank's per metro statistics. Subscribers can configure state/metro/county granularity, assorted fields and quantity of results. This map shows top 10 markets in the map viewport, as defined by descending origination volume.

    Market Originations Total Value Average Loan Average Fees Average Rate
    NEW ORLEANS-METAIRIE, LA (FHA|USDA|VA) 162 $47,590,000 $293,765 $0 0.00%
    BATON ROUGE, LA (FHA|USDA|VA) 1 $365,000 $365,000 $0 0.00%
    HAMMOND, LA (FHA|USDA|VA) 1 $155,000 $155,000 $0 0.00%
    Fifth District Savings Bank's top markets include New Orleans, Baton Rouge, and Hammond among others.

    Their top states include:
  • Louisiana (FHA|USDA|VA)

    • Product Mix

    Loan Type Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Conventional 164 $48,110,000 $293,354 $0 0.00%

    For 2019, Fifth District Savings Bank's most frequently originated type of loan was Conventional, with 164 originations.

    Loan Reason

    Loan Reason Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Home Purchase 109 $35,365,000 $324,450 $0 0.00%
    Refi 52 $12,100,000 $232,692 $0 0.00%
    Other 3 $645,000 $215,000 $0 0.00%

    For 2019, Fifth District Savings Bank's most frequently cited loan purpose was Home Purchase, with 109 originations. The 2nd most popular reason was Refi, with 52 originations.

    Loan Duration/Length

    Loan Length Originations Total Value Average Loan Average Fees Average Rate
    Other 164 $48,110,000 $293,354 $0 0.00%

    For 2019, Fifth District Savings Bank's most frequently cited loan duration was Other, with 164 originations.

    Loan Sizing

    Loan Size Originations Total Value Average Loan Average Fees Average Rate
    $200k-400k 64 $17,720,000 $276,875 $0 0.00%
    $100k-200k 47 $7,245,000 $154,149 $0 0.00%
    $400k-600k 35 $16,505,000 $471,571 $0 0.00%
    $100,000 or less 10 $770,000 $77,000 $0 0.00%
    $600k-1MM 7 $4,655,000 $665,000 $0 0.00%
    $1MM+ 1 $1,215,000 $1,215,000 $0 0.00%

    2019 saw Fifth District Savings Bank place emphasis on $200k-400k loans with 64 originations, totaling $17,720,000 in origination value.

    Applicant Income

    Applicant Income Originations Total Value Average Loan Average Fees Average Rate
    $100k-150k 43 $12,765,000 $296,860 $0 0.00%
    $150k-250k 42 $15,480,000 $368,571 $0 0.00%
    $50k-75k 25 $4,565,000 $182,600 $0 0.00%
    $75k-100k 22 $4,780,000 $217,273 $0 0.00%
    $250k+ 16 $7,660,000 $478,750 $0 0.00%
    $50k or less 15 $2,595,000 $173,000 $0 0.00%

    Fifth District Savings Bank lent most frequently to those with incomes in the $100k-150k range, with 43 originations. The second most popular income band? $150k-250k, with 42 originations.

    Applicant Debt to Income Ratio

    DTI Ratio Originations Total Value Average Loan Average Fees Average Rate
    Exempt% 164 $48,110,000 $293,354 $0 0.00%

    Fifth District Savings Bank lent most frequently to those with DTI ratios of Exempt%, with 164 originations.

    Ethnicity Mix

    Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
    White 148 $43,910,000 $296,689 $0 0.00%
    Asian 8 $1,960,000 $245,000 $0 0.00%
    Black 6 $1,360,000 $226,667 $0 0.00%
    Not provided 2 $880,000 $440,000 $0 0.00%

    Approval Rates

    Total approvals of all applications
    93.55%

    Fifth District Savings Bank has an average approval rate.

    Pick Rate

    Approvals leading to origination
    93.90%

    Fifth District Savings Bank has an average pick rate.

    Points and Fees

    Points Originations Total Value Average Loan
    Exempt 164 $48,110,000 $293,354

    Occupancy Type Mix

    Dwelling Type Originations Total Value Average Loan
    Single Family (1-4 Units):Site-Built 164 $48,110,000 $293,354

    Complaints

    Bank Name Product Issue 2019 CPFB Complaints % of Total Issues
    FIFTH THIRD FINANCIAL CORPORATION Conventional home mortgage Applying for a mortgage or refinancing an existing mortgage 6 2.7%
    FIFTH THIRD FINANCIAL CORPORATION Conventional home mortgage Closing on a mortgage 8 3.7%
    FIFTH THIRD FINANCIAL CORPORATION Conventional home mortgage Incorrect information on your report 2 0.9%
    FIFTH THIRD FINANCIAL CORPORATION Conventional home mortgage Problem with a credit reporting company's investigation into an existing problem 1 0.5%
    FIFTH THIRD FINANCIAL CORPORATION Conventional home mortgage Struggling to pay mortgage 15 6.8%
    FIFTH THIRD FINANCIAL CORPORATION Conventional home mortgage Trouble during payment process 127 58.0%
    FIFTH THIRD FINANCIAL CORPORATION FHA mortgage Closing on a mortgage 3 1.4%
    FIFTH THIRD FINANCIAL CORPORATION FHA mortgage Struggling to pay mortgage 5 2.3%
    FIFTH THIRD FINANCIAL CORPORATION FHA mortgage Trouble during payment process 10 4.6%
    FIFTH THIRD FINANCIAL CORPORATION Home equity loan or line of credit (HELOC) Incorrect information on your report 1 0.5%
    FIFTH THIRD FINANCIAL CORPORATION Home equity loan or line of credit (HELOC) Trouble during payment process 11 5.0%
    FIFTH THIRD FINANCIAL CORPORATION Other type of mortgage Applying for a mortgage or refinancing an existing mortgage 1 0.5%
    FIFTH THIRD FINANCIAL CORPORATION Other type of mortgage Closing on a mortgage 2 0.9%
    FIFTH THIRD FINANCIAL CORPORATION Other type of mortgage Struggling to pay mortgage 2 0.9%
    FIFTH THIRD FINANCIAL CORPORATION Other type of mortgage Trouble during payment process 23 10.5%
    FIFTH THIRD FINANCIAL CORPORATION VA mortgage Struggling to pay mortgage 1 0.5%
    FIFTH THIRD FINANCIAL CORPORATION VA mortgage Trouble during payment process 1 0.5%

    Bank Details

    Branches

    Bank Name Branch Branch Type Deposits (000's)
    Fifth District Savings Bank 1317 Westbank Expressway Westwego, LA 70094 Full Service B&M $37,429
    Fifth District Savings Bank 2476 Barataria Boulevard Marrero, LA 70072 Full Service B&M $43,589
    Fifth District Savings Bank 4000 General Degaulle Dr New Orleans, LA 70114 Full Service B&M $128,301
    Fifth District Savings Bank 4526 West Esplanade Ave Metairie, LA 70006 Full Service B&M $44,141
    Fifth District Savings Bank 4650 Highway 22 Mandeville, LA 70471 Full Service B&M $24,450
    Fifth District Savings Bank 4800 Tenth Street Marrero, LA 70072 Full Service B&M $71,163
    Fifth District Savings Bank 69285 Hwy 21 Covington, LA 70433 Full Service B&M $2,984

    For 2019, Fifth District Savings Bank had 7 branches.

    Yearly Performance Overview

    Bank Income

    Item Value (in 000's)
    Total interest income $15,934
    Net interest income $11,549
    Total noninterest income $600
    Gross Fiduciary activities income $0
    Service charges on deposit accounts $223
    Trading account gains and fees $0
    Additional Noninterest Income $377
    Pre-tax net operating income $2,898
    Securities gains (or losses, -) $129
    Income before extraordinary items $2,434
    Discontinued Operations (Extraordinary gains, net) $0
    Net income of bank and minority interests $2,434
    Minority interest net income $0
    Net income $2,434
    Sale, conversion, retirement of capital stock, net $0
    Net operating income $2,330

    Fifth District Savings Bank's gross interest income from loans was $15,934,000.
    Fifth District Savings Bank's net interest income from loans was $11,549,000.
    Fifth District Savings Bank's fee based income from loans was $223,000.
    Fifth District Savings Bank's net income from loans was $2,434,000.

    Bank Expenses

    Item Value (in 000's)
    Total interest expense $4,385
    Provision for credit losses $10
    Total noninterest expense $9,241
    Salaries and employee benefits $5,233
    Premises and equipment expense $1,089
    Additional noninterest expense $2,919
    Applicable income taxes $593
    Net charge-offs $0
    Cash dividends $0

    Fifth District Savings Bank's interest expense for loans was $4,385,000.
    Fifth District Savings Bank's payroll and benefits expense were $5,233,000.
    Fifth District Savings Bank's property, plant and equipment expenses $1,089,000.

    Loan Performance

    Type of Loan % of Loans Noncurrent (30+ days, end of period snapshot)
    All loans 0.0%
    Real Estate loans 0.0%
    Construction & Land Development loans 0.0%
    Nonfarm, nonresidential loans 0.0%
    Multifamily residential loans 0.0%
    1-4 family residential loans 0.0%
    HELOC loans 0.0%
    All other family 0.0%
    Commercial & industrial loans 0.0%
    Personal loans 0.0%
    Credit card loans 0.0%
    Other individual loans 0.0%
    Auto loans 0.0%
    Other consumer loans 0.0%
    Unsecured commercial real estate loans 0.0%

    Deposits

    Type Value (in 000's)
    Total deposits $355,347
    Deposits held in domestic offices $355,347
    Deposits by Individuals, partnerships, and corporations $355,099
    Deposits by U.S. Government $0
    Deposits by States and political subdivisions in the U.S. $248
    Deposits by Commercial banks and other depository institutions in U.S. $0
    Deposits by Banks in foreign countries $0
    Deposits by Foreign governments and official institutions $0
    Transaction accounts $41,550
    Demand deposits $7,881
    Nontransaction accounts $313,797
    Money market deposit accounts (MMDAs) $26,523
    Other savings deposits (excluding MMDAs) $82,380
    Total time deposits $204,895
    Total time and savings deposits $347,466
    Noninterest-bearing deposits $6,562
    Interest-bearing deposits $348,785
    Retail deposits $329,544
    IRAs and Keogh plan accounts $46,122
    Brokered deposits $0
    Deposits held in foreign offices $0

    Assets

    Asset Value (in 000's)
    Total Assets $437,117
    Cash & Balances due from depository institutions $23,152
    Interest-bearing balances $19,190
    Total securities $64,576
    Federal funds sold & reverse repurchase $0
    Net loans and leases $329,792
    Loan and leases loss allowance $2,309
    Trading account assets $0
    Bank premises and fixed assets $10,400
    Other real estate owned $0
    Goodwill and other intangibles $0
    All other assets $9,197

    Liabilities

    Liabilities Value (in 000's)
    Total liabilities and capital $437,117
    Total Liabilities $359,291
    Total deposits $355,347
    Interest-bearing deposits $348,785
    Deposits held in domestic offices $355,347
    % insured (estimated) $96
    Federal funds purchased and repurchase agreements $0
    Trading liabilities $0
    Other borrowed funds $0
    Subordinated debt $0
    All other liabilities $3,944

    Issued Loan Types

    Type Value (in 000's)
    Net loans and leases $329,792
    Loan and leases loss allowance $2,309
    Total loans and leases (domestic) $332,101
    All real estate loans $331,012
    Real estate loans in domestic offices $331,012
    Construction and development loans $15,115
    Residential 1-4 family construction $13,451
    Other construction, all land development and other land $1,664
    Loans secured by nonfarm nonresidential properties $263
    Nonfarm nonresidential secured by owner-occupied properties $263
    Commercial real estate & other non-farm, non-residential $0
    Multifamily residential real estate $0
    1-4 family residential loans $315,634
    Farmland loans $0
    Loans held in foreign offices $0
    Farm loans $0
    Commercial and industrial loans $0
    To non-U.S. addressees $0
    Loans to individuals $1,147
    Credit card loans $0
    Related Plans $0
    Consumer Auto Loans $0
    Other loans to individuals $1,147
    All other loans & leases $0
    Loans to foreign governments and official institutions $0
    Other loans $0
    Loans to depository institutions and acceptances of other banks $0
    Loans not secured by real estate $0
    Loans secured by real estate to non-U.S. addressees $0
    Restructured Loans & leases $185
    Non 1-4 family restructured loans & leases $0
    Total loans and leases (foreign) $0

    Fifth District Savings Bank had $329,792,000 of loans outstanding in 2019. $331,012,000 of loans were in real estate loans. $15,115,000 of loans were in development loans. $0 of loans were in multifamily mortgage loans. $315,634,000 of loans were in 1-4 family mortgage loans. $0 of loans were in farm loans. $0 of loans were in credit card loans. $0 of loans were in the auto loan category.

    Small Business Loans

    Categorization # of Loans in Category $ amount of loans (in 000's) Average $/loan
    Nonfarm, nonresidential loans - <$1MM 2 $263 $131,500
    Nonfarm, nonresidential loans - $100-250k 1 $155 $155,000
    Nonfarm, nonresidential loans - $250k-1MM 1 $108 $108,000